US House Panel Unveils Crypto Tax Bill Ahead of Key Hearing This Week

The U.S. House of Representatives panel has released a draft cryptocurrency tax bill in anticipation of a hearing scheduled for later this week. The proposed legislation aims to clarify tax reporting requirements for digital assets, addressing long-standing ambiguities in how crypto transactions should be treated under federal tax law. Key provisions reportedly include updated rules for brokers, exchanges, and individual investors dealing in assets such as BTC and ETH. The hearing is expected to draw testimony from industry experts, tax professionals, and regulators, signaling growing legislative attention to crypto taxation. Market participants are watching closely, as the bill could reshape compliance obligations for U.S.-based crypto businesses and traders.